Volodymyr Zelensky’s clothing caused a Polymet rebellion

Polymarket did not respond to requests for comment.

Polymarket released in 2020 He rose to prominence Last year, as a way for people to bet on the outcome of the US presidential election. During the election cycle, the Director of Poli and his supporters Pitching forecast market A better way to predict outcomes than traditional voting is to use more efficient “The source of truth.“However, that proposition has been challenged by the fiasco of Zelensky’s lawsuit.

“Everyone knows the answer…but the system is currently broken,” claims Defipolice. “That’s a messed up situation.”

Polymarket reserves the right to overturn the UMA results. Last year, the company UMA votes have been rejected On bets on whether Baron Trump was involved in a Trump-themed cryptocurrency project. At the time, Polymarket Refunded bettor He explicitly described Uma’s conclusion as “wrong.” However, the company does not intervene every time. In March, a $7 million bet on whether Ukraine and the US will reach a deal on access to minerals It was resolved early There are incorrect results. Polymet employees at the time with a mismatched message addressed to the affected user. It was called an “unprecedented situation.” But it said that it wouldn’t refund the bettor.

Polymarket users, who are troubled by the possible outcomes of the Zelensky Prediction Market, are gathering discords in their messaging platforms to coordinate responses that may include pursuing lawsuits against Polymarket and the UMA.

“I’m going to join the lawsuit,” says Polymet’s bet by username adversaries. “I’ve been experiencing moral damage to this huge failure, and the added context has caused me a lot of stress.”

People on UMA’s discordant channels are likewise torn apart by controversy, with community members denounced each other for “back-channel deals” and fraud. Some view it as an astonishing referendum throughout the project. “This is not just a vote for the lawsuit, it’s a vote for UMA’s future,” one member wrote.

The final resolution is expected by the evening of July 8th. Huma co-founder Hart Rambourt says the organization plans to coordinate the dispute resolution process in light of Zelensky’s litigation debate, but rejects allegations that the vote was manipulated in any way.

“There is no evidence of UMA operations. I really don’t like those worthless accusations,” Lambur tells Wired. “After the dust settles in this suit and the market, I look forward to having a productive conversation about the trade-off between improvement and design.”

Others see this type of disagreement as a natural part of the process. “To me, this was a jacket that looked like a suit but not a suit,” says Lancelot Chardonette, who voted as a representative on behalf of the Uma.rocks token pool, which controls about 0.1% of the total supply. “This controversy simply reflects the complexity of truth and different things from person to person.”

All this heat arrives at a key moment in Polymarket, in the midst of an aggressive fundraising round led by Peter Thiel’s Founders Fund. According to Reuters, forecast market It will be rated 1 billion dollars. It’s not an ideal time to alienate some of the most active users. This is also because market integrity is questioned. “The silence from the polymer was deafening,” says Defipolice.